Bitcoin price plummeted 9.3 percent after the decision of the Central Bank of China to ban all transactions related to cryptocurrency. According to trade data, the peak of the collapse occurred at 14:18, when the cryptocurrency was worth $40,908.

As of 14:50 Moscow time, bitcoin is trading at $41,660 apiece. Ethereum, another popular cryptocurrency, plummeted at a peak by 13.89 percent to $2,750. At 14:50 it costs $2838.